Number of the records: 1  

Evaluating the performance of an estimated DSGE model for the Czech economy

  1. Článek! Pro signaturu klikni na odkaz In
    Main entry-name Pápai, Adam (author)
    Title statementEvaluating the performance of an estimated DSGE model for the Czech economy / Adam Pápai
    Phys.des.11 grafů, 2 tabulky
    Dostupné též v elektronické podobě
    In Hradecké ekonomické dny. Hradec Economic Days. - S. 308-315 (tištěný sborník), s. 763-770 (online zdroj)
    Subj. Headings trh práce - Česko
    ekonomika - Česko
    makroekonomická analýza - Česko - 1999-2015
    ekonomicko-matematické modely - Česko - 1999-2015
    Česko - hospodářské poměry - 1999-2015
    Form, Genre články ze sborníku
    AnnotationThis paper investigates the behaviour of the Czech economy using a new Keynesian dynamic stochastic general equilibrium model for a small open economy. The goal is to assess the degree of rigidities in the Czech labour market. To achieve this goal, we estimate a model containing labour market frictions in form of search and matching processes, vacancy creation costs and wage adjustment costs. Furthermore, we evaluate the model’s ability to capture the development of the observed variables in the examined period from 1999Q1 to 2015Q2. We compute conditional forecasts and stochastic simulations, which are then used for moment and correlation comparisons and calculation of the Beveridge curve. Our findings suggest, that there are some frictions in the Czech economy. According to our results, the model performed partially well.
    Conspect33 - Ekonomie
    CountryČesko
    LanguageEnglish
    URLhttp://fim2.uhk.cz/hed/data/proceedings_2016_1.pdf
    DatabaseArticles
    References - Source document
    article

    article

Number of the records: 1  

  This site uses cookies to make them easier to browse. Learn more about how we use cookies.